Debt Calculator
Monthly Payment Balance from
Last Statement
Totals $
New Payment =
Savings/mo $

Step 1 of 4 - Calculate my Savings

Step 2 of 4 - My Loan to Value Ratio

Multiple property owners, please call.
Value from your realtor or current year Property Tax Assessment
Monthly Payment Mortgage Balance
Home Mortgage $
Home Value $
Loan to Value Ratio, %

Step 3 of 4 - My Total Debt Ratio

Annual Family Income $
Add each person's income from Line 150 of income tax return or Notice of Assessment, = total Family Income.
Total Debt Ratio, % =

Step 4 of 4 - Our Credit Scores

The final step is to see what your credit scores are. Both you and your spouse are looking for a minimum 650 credit score. Choose the report option that includes your FICO credit score, so you can see what the banks see. Go here to get it => Equifax Credit Report or Trans Union.
Step 1 Monthly Savings, $
Maximum Ratios
Step 2 Loan to Value Ratio, %
Step 3 Total Debt Ratio, %

The simple Debt Calculator is provided as a courtesy from CMC Automated Mortgage Corp., for you to find out, if you qualify.

If you wish to apply for these savings shown in Step 1 above, you can fill in this => form and fax it to us, or simply give us a call at 250 489 9236, without obligation.

CMC Automated Mortgage Corp.

250 489 9236 Direct Phone
250 426 1888 Confidential Fax

More than 15,000 happy clients since 1975

=> Acceptable property types.
This calculator is different from others. Using financial ratios from banks - you can find out if you qualify FOR THE SAVINGS CALCULATED - in a few minutes - without having to make any appointments. No personal information is required or stored.

Enter minimum monthly payments and corresponding balances from your most recent statements. Subtotalled balances and payments representing a number of accounts, can be entered on one line. Step 3 NEEDS CALCULATIONS FROM Step 2, and Step 2 needs calculations from Step 1, if applicable.

  • Information to help you understand financial choices
  • Tax Deductible, Reverse and Jumbo Mortgages
  • Lines of Credit
  • Widest variety of mortgage products